In 2021, Lead Attorney Orlando Cabrera with AGG (Arnall, Gregory, and Golden) called on Rosemarie Harris of Harris Affordable Housing, for HUD expertise in the Blackstone – AIG merger. Rosemarie and Harris Affordable Housing were brought in as the HUD 2530 consultant to oversee the transaction and ensure HUD compliance.
The acquisition of AIG’s affordable housing assets was a $5.1 billion transaction, involving 80,000 affordable housing units in 42 states. It was a very complex and multi-layered affordable housing transaction, that required multiple steps and expertise in order to keep the company’s operation HUD statutes and laws.
Harris Affordable Housing Group oversaw several facets of HUD compliance in the merger, including securing HUD 2530 APPS applications, including organization registration and obtaining HUD 2530 APPS approvals.
Rosemarie Harris and Harris Affordable Housing Group ensured a smooth transaction and consistent HUD compliance as AIG sold a portion of its affordable housing assets to Blackstone Real Estate Income Trust, Inc.
